Bitcoin South 2014 Summaries: Day 1, Benjamin Bommhardt

[odolvlobo]

Generations of Cryptoexchanges

A History of Exchanges:

Generation 0:

There was no organized trading. The lazlo pizza trade finally gave bitcoins a real value.

Generation 1:

MtGox rises as the primary exchange.

Generation 2:

Other exchanges are created with more features.

Generation 3: present day

There is a focus on safety, usability, and accessibility.

Generation 4: the future

The focus will be on advanced features for sophisticated traders.
Margin trading
More altcoin-specific exhanges
A flood of exchanges and competition will drive trading fees down.